Fox News' Legal Woes Continue with Smartmatic Threat and Dominion Settlement.

Fox Corp's $787.5 million settlement with Dominion Voting Systems over defamation charges is unlikely to cost the media company the full amount due to insurance coverage and tax deductions. The settlement is expected to be paid during the current quarter, but the ultimate cost to Fox is unclear. Tax deductions could reduce the cost to around $590 million, and insurance coverage could also help defray the expense. Fox has said it does not expect the settlement to affect its operations or its ability to return money to shareholders.